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MasterCard Incorporated Message Board

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  • workingretiree65 workingretiree65 Jan 20, 2012 11:19 AM Flag

    WedBush Analyst knows Mastercard business better than Mastercard

    10:53 (Dow Jones) While Visa (V) investors have worried about the effects of new debit-card rules known as the Durbin amendment, MasterCard (MA:$338.94,00$-13.96,00-3.96%) has said the rules could help it steal market share because it has a smaller debit business. Wedbush isn't convinced, though, lowering its 2012 EPS estimate for MA nearly 5% . While saying the company will continue to grow because of its international business, "we believe the implementation of the Durbin Amendment will create a drag on US revenue growth...as well as potential volume deceleration resulting from changes to debit programs." Wedbush adds potential share gains in the debit business are not likely to be "enough to offset these factors." MA falls 2.8% to $343.16. (andrew.r.johnson@dowjones.com)

    Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com


    (END) Dow Jones Newswires
    01-20-121053ET
    Copyright (c) 2012 Dow Jones & Company, Inc.

 
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